Flow International Corp. introduced the next groundbreaking waterjet advancement, Dynamic Waterjet XD. Dynamic Waterjet XD introduces the high-precision 3D cutting technology of its kind. This technology improves part cycle time and accuracy of 2 - 4 times that of standard non Dynamic systems, and is 30% faster than Flow's industry leading original Dynamic technology. Manufacturers now can realize greater opportunity to capitalize on the demand for production of multi-dimensional parts. Dynamic Waterjet XD's versatility enables manufacturers to cut a wider variety of intricate designs, which gives them the capabilities to tap new markets. With 3D cutting and complex beveling, users can cut elaborate parts previously unattainable using standard non-Dynamic waterjets. These new 3D advancements have been integrated with the core benefits of Flow's original Dynamic Waterjet technology, which eliminates taper and other errors found on waterjet cut parts.

Flow International Corp. announced that Scott G. Rollins has served as the Chief Information Officer of the company since February of 2007, and, as previously disclosed, has been working in that role as an independent contractor since May 20, 2009 to ensure a smooth transition of the company's ERP upgrade project to his successor. Effective as of September 4, 2009, the remainder of Mr. Rollins' duties and responsibilities has been transitioned to Daric Schweikart, who joined the company in May 2009 as the Company's Vice President of Information Technology. Mr. Rollins will continue to serve the company as an independent contractor and will continue to advise the company's information technology group on the ERP project. On September 10, 2009, the company filed articles of amendment of restated articles of incorporation with the Washington Secretary of State, the articles of Amendment to provide for an increase in the authorized stock of the company. Before the filing of the articles of amendment, the restated articles of incorporation of the company provided for the authorization of two classes of stock, consisting of 49,000,000 shares designated as common stock, and 1,000,000 shares designated as preferred stock. In connection with the articles of amendment, the authorized stock of the company has been increased to 85,000,000 shares, consisting of 84,000,000 shares of common stock and 1,000,000 shares of preferred stock. The articles of amendment were approved by the board of directors of the company and by the shareholders of the company on September 10, 2009.

Flow International Corp. announced unaudited consolidated earnings results for the first quarter ended July 31, 2009. For the quarter, the company reported consolidated revenues of $37.8 million, which compares to $43.7 million in the fourth quarter of fiscal year 2009 and $57.1 million in the year-ago quarter. The company reported a net loss of $8.5 million or a $0.23 diluted loss per share as compared to net income of $1.6 million or $0.04 diluted per share in the prior year quarter. The net loss for the quarter just ended includes a total of $6.0 million in pre-tax charges, consisting of a net charge of $3.2 million related to the termination of the OMAX transaction, $1.6 million for severance and other related charges associated with its cost reduction efforts, and approximately $1.2 million for a reserve related to a business sold in October 2005 that was classified as a discontinued operation. Excluding those charges and the related tax effects, the net loss and loss from continuing operations would have been $2.7 million or $0.07 diluted loss per share in the current quarter compared to net income of $3.22 million or $0.08 diluted per share and income from continuing operations of $1.53 million or $0.08 diluted per share for the same period last year. The company reported loss from continuing operations of $7.4 million or $0.20 diluted loss per share compared to income from continuing operations of $1.5 million or $0.04 diluted per share for the same period last year. The company reported operating loss of $7.6 million and loss before taxes of $8 million compared to operating income of $3.76 million and income before taxes of $4.2 million for the same period last year.